U.S.: Adhesive Market Overview 2020

Adhesive Market Size in the U.S.

For the seventh year in a row, the U.S. adhesive market recorded growth in sales value, which increased by X% to $X in 2019. The market value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 when the market value increased by X% y-o-y. Adhesive consumption peaked in 2019 and is likely to see gradual growth in the near future.

Adhesive Production in the U.S.

In value terms, adhesive production expanded rapidly to $X in 2019. The total output value increased at an average annual rate of +X% from 2013 to 2019; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Adhesive production peaked in 2019 and is likely to continue growth in the near future.

Adhesive Exports

Exports from the U.S.

Adhesive exports from the U.S. reduced to X tonnes in 2019, waning by -X% against the year before. In general, exports continue to indicate a slight descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, exports reached the peak of X tonnes. From 2015 to 2019, the growth exports remained at a lower figure.

In value terms, adhesive exports contracted to $X in 2019. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2018, and then shrank in the following year.

Exports by Country

Canada (X tonnes), Mexico (X tonnes) and China (X tonnes) were the main destinations of adhesive exports from the U.S., together comprising X% of total exports.

From 2013 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for adhesive exported from the U.S. were Canada ($X), Mexico ($X) and China ($X), with a combined X% share of total exports. Germany, South Korea, Brazil, the UK, the United Arab Emirates and Panama lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average adhesive export price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the last six years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2015 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2018, and then contracted in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was China ($X per tonne), while the average price for exports to Panama ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Adhesive Imports

Imports into the U.S.

In 2019, the amount of adhesives imported into the U.S. rose to X tonnes, surging by X% on the previous year's figure. In general, total imports indicated buoyant growth from 2013 to 2019: its volume increased at an average annual rate of +X% over the last six years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, adhesive imports reached $X in 2019. The total import value increased at an average annual rate of +X% over the period from 2013 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% year-to-year. Imports peaked in 2019 and are expected to retain growth in the near future.

Imports by Country

Canada (X tonnes), Germany (X tonnes) and China (X tonnes) were the main suppliers of adhesive imports to the U.S., with a combined X% share of total imports.

From 2013 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest adhesive suppliers to the U.S. were Germany ($X), Canada ($X) and China ($X), with a combined X% share of total imports. These countries were followed by Mexico, South Korea, the UK, the Netherlands, France, Italy and Belgium, which together accounted for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average adhesive import price stood at $X per tonne in 2019, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per tonne in 2013; however, from 2014 to 2019, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was South Korea ($X per tonne), while the price for Canada ($X per tonne) was amongst the lowest.

From 2013 to 2019, the most notable rate of growth in terms of prices was attained by Mexico, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the leading suppliers of adhesives to the U.S.?

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In value terms, the largest adhesive suppliers to the U.S. were Germany ($224M), Canada ($213M) and China ($81M), with a combined 56% share of total imports. Mexico, South Korea, the UK, the Netherlands, France, Italy and Belgium lagged somewhat behind, together comprising a further 28%.

What are the leading importers of adhesives from the U.S.?

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In value terms, the largest markets for adhesive exported from the U.S. were Canada ($672M), Mexico ($495M) and China ($169M), together accounting for 57% of total exports. Germany, South Korea, Brazil, the UK, the United Arab Emirates and Panama lagged somewhat behind, together accounting for a further 11%.

What is the average export price for adhesives in the U.S.?

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In 2019, the average adhesive export price amounted to $4,866 per tonne, reducing by -5.9% against the previous year.

What is the average import price for adhesives in the U.S.?

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The average adhesive import price stood at $3,234 per tonne in 2019, stabilizing at the previous year.